President Director Arief Mulyadi said, the action had fulfilled the overall PNM funding requirement which was estimated to reach IDR 11 trillion throughout 2018. Meanwhile, for funding needs this year, around 60% would be met through investment in the capital market with bond and MTN instruments.

“Thank God, all [needs of 2018] have been fulfilled. Almost all have been channeled to finance PNM ULaMM and PNM Mekaar, “he said, quoted by Bisnis.com, Wednesday (1/2/2019).

Based on the announcement on the official website of the Indonesian Central Securities Depository (KSEI), PNM has registered PNM XIX Year 2018 Series A, B, C MTNs on December 27, 2018. Each value is IDR 70 billion, IDR 105 billion and IDR 105 billion.

The interest rate determined is 10.2% per year. The date of the first interest payment is made on March 28, 2019 and is due on December 28, 2021.

Based on PNM data, funding through the Micro Capital Service Unit (ULaMM) program reached IDR 3.60 trillion as of November 2018, up 96.6% on an annual basis.

The financing of the Fostering the Prosperous Family Economy (Mekaar) program reached Rp.8.77 trillion as of November 2018, growing 157.8% over the same period last year. Non-performing loans (NPLs) per November are still safe, which is 1.62%.

Based on data from the Financial Services Authority, the company posted nearly three-fold profit growth or 271% to IDR52 billion in the III / 2018 quarter. Thus, the realization of PNM distribution this year has exceeded around 8.3% of the total target of Rp. 11.43 trillion.

“We are discussing next year’s target with the Ministry of BUMN. Surely the value will go up. However, what is more highlighted is the target of increasing coaching for customers, “he said.

Previously on September 27, 2018, PNM had issued a MTN-based limited mutual fund (RDPT), PT Permodalan Nasional Madani (Persero) MTN Year 2018 Series A worth IDR390 billion in September 2018.